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Operating Multiple Businesses Under One LLC By HBS Monday, September 16, 2024 It is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As...
LLC multiple owners are a group of people who are entitled to share in the profits and losses of their limited liability company. They're also referred to as members of the LLC. Registering an LLC for Multiple Members An LLC is a limited liability company that has the advantage of being ...
For a general small business, go with an LLC. Ownership: Single owners need an LLC, multiple owners can choose either. Tax implications: LLPs offer only pass-through taxation. If you want more tax options, lean toward an LLC. Consult a professional: Get insights from a lawyer and ...
LLCs are popular with consultants and ecommerce businesses, for example, due to their flexibility and liability protection. There are many types of LLCs, each with different parameters. The single-member LLC, the most comparable to a sole proprietorship, consists of just one owner who controls ...
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Businesses that will be located in New York City and those using a registered agent, may be permitted to publish a notice in a different, cheaper county. The fee for filing a Certificate of Publication is $50, paid to the state. Step 5: Create an operating agreement The purpose of an ...
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Hi Abel, you can run multiple business activities through one LLC (you don’t have to form two LLCs). And your LLC can open two separate LLC business bank accounts (or you could use one). So yes; that’s the simple answer. For more details, check out multiple businesses under one ...
It’s the simplest type and offers limited liability protection for the owner (member). Taxes are usually reported on the owner’s personal tax return. Multi-Member LLCs: A multi-member LLC has two or more owners (members). It’s great for businesses with multiple partners or investors....